adminspurred by growth across its operations and proceeds from the sale its properties.
Turnover came in at US$201,1 million up from US$160,8 million in the comparative period, its financial statement released yesterday showed.
Volumes sold rose 17 percent to 351 000 tonnes from 300 143 tonnes.
Basic earnings per share increased to US7,37c per share during the period under review, up from US4,60c per share while net profit was US$5,1 million from US$3,1 million in the previous period.
Natfoods, which has recognisable strong brands in Gloria, Red Seal and stockfeeds, is hoping to increase maize milling capacity after Government re-introduced duty on imported maize meal.
However, its flour milling division remains under pressure from cheap flour imports from Mozambique and Kenya.
The group spent US$1 million on retrenchments and US$2,6 million on plant maintenance. The technical relationship between the group with a French and South African partners in stockfeed business will help Natfoods to produce better quality feed.
Online Reporter